Reported 2 days ago
Bank of America has raised its price target for Amazon (AMZN) stock from $248 to $265, citing strong performance in retail and AI growth. With second-quarter data indicating robust e-commerce sales and expectations for Amazon Web Services (AWS) to expand capacity, analysts foresee positive trends in the latter half of the year. Despite concerns over tariffs, the long Prime Day event and consumer resilience may foster a strong third-quarter outlook for the company.
Source: YAHOO